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Inventure Foods commences strategic and financial review to increase shareholder value

Published 28 July 2016

Inventure Foods, a leading specialty food marketer and manufacturer, announced that the Company and its Board of Directors will commence a strategic and financial review with the objective to increase shareholder value.

This review will include a thorough evaluation of the Company's current operating plan and may result in the Company continuing to pursue value-enhancing initiatives as a standalone company, capital structure optimization, a sale of the Company, a sale of certain assets of the Company or other business combination. 

A committee of three independent directors has been established to oversee the review and the Company has retained Rothschild as its financial advisor and DLA Piper LLP (US) as its legal advisor to assist in this process.

“The Board of Directors is committed to increasing shareholder value. We determined after careful consideration, that this is an appropriate time to undertake a comprehensive strategic and financial review of the business,” said David L. Meyers, Chairman of Inventure Foods.

“While the review is ongoing, the Company will remain focused on delivering improved financial performance by continuing to execute our strategic initiatives.”

There can be no assurance that this strategic and financial review will result in any specific action, or any assurance as to its outcome or timing.

The Company does not intend to comment further regarding the strategic and financial review until the Board of Directors approves a specific action or concludes its review.

With manufacturing facilities in Arizona, Indiana, Washington, Oregon and Georgia, Inventure Foods is a marketer and manufacturer of specialty food brands in better-for-you and indulgent categories under a variety of Company owned and licensed brand names, including Boulder Canyon Foods, Jamba, Seattle's Best Coffee, Rader Farms, TGI Fridays, Nathan's Famous.

Its other brands include Vidalia Brands, Poore Brothers, Tato Skins, Willamette Valley Fruit Company, Fresh Frozen, Bob's Texas Style and Sin In A Tin.

Source: Company Press Release